What Forms the Nervous System of the International Financial Community

question 40

Multiple Choice

What forms the nervous system of the international financial community by allowing banks to move capital around at a moment's notice?

• A) The World Bank
• B) The International Monetary Fund
• C) The Internal Revenue Service
• D) electronic funds transfer systems
• E) Western Union

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Definitions:

Demand Schedule

A table or graph showing the quantity of a good that consumers are willing to purchase at each possible price.

Determinants of Demand

Factors such as price, income, preferences, and tastes that affect the buyers' willingness and ability to purchase goods and services.

Constant

A value or parameter that does not change within the context of a specific mathematical equation or scientific experiment.

Downward Sloping

Describes a line on a graph that represents a decrease in one variable in response to an increase in another, commonly used in economics to depict demand curves.